Coinbase (COIN) Down 62% One Year After Jim Cramer’s PARC Basket

Data shows Coinbase is trading near the lower end of its yearly range, far from the momentum levels seen at PARC’s launch.

Nearly one year after CNBC’s “Mad Money” host Jim Cramer grouped Palantir (PLTR), Applovin (APP), Robinhood (HOOD), and Coinbase (COIN) into the “PARC” basket, three of the four stocks have either fallen or gone nowhere.

At the time, many in the industry felt that cross-stitching the four into one word meant that Cramer was feeling bullish about crypto, but now, the most industry-linked stock of the lot has suffered the largest drop.

PARC Report Card Leaves Coinbase as the Biggest Loser

Cramer named PARC on July 14, 2025, grouping Palantir, Applovin, Robinhood, and Coinbase together as the stocks retail investors had, in his words, “anointed and taken up without any real bounds.” He framed the market at the time as split into two: the S&P 500 and the PARC four, which were running on pure momentum.

However, in a June 29, 2026 post on X, market commentator Heisenberg posted updated performance figures showing that since Cramer introduced the acronym, Coinbase had performed the worst after dipping by 62%.

Additional data from Yahoo Finance shows that across 52 weeks, the stock has traded between $139 and $444, and is currently sitting near the bottom of that range at around $149, a long way from where conviction was running when Cramer put it in the basket. Interestingly, Donald Trump’s financial disclosure filed in May showed the president bought COIN between January and March of this year, although those transactions are handled by third-party financial institutions.

Meanwhile, Palantir is down roughly 25% since the acronym was coined and about 40% in 2026 alone. Its 52-week high was around $207, and at the time of writing it was trading near $113.

On its part, Robinhood is essentially flat, which might count as a mild win in this context given how the other two have moved. Early this month, the company entered the Canadian crypto space after completing a $180 million acquisition of WonderFi and now counts well over 1 million international funded customers, although that has not done much for the stock price.

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Applovin is the only one that has genuinely performed and is up 34% since PARC was named. However, its current price of around $477 is still well below its one-year high of $745, but compared to the rest of the group, it is the clear outlier.

From PARC to CRAP

Back in 2025, Cramer had a choice of two meme acronyms: PARC, which he eventually settled for, and CARP (Coinbase, Applovin, Robinhood, Palantir).

However, some cheeky community members came up with a third one: CRAP, and one year later, it looks to have held better than the basket itself, a point that was revisited by analyst Shanaka Anslem Perera when commenting on the development in a post on X:

“The acronym arrived at the precise moment conviction in these names ran hottest, and the year that followed turned a throwaway joke into a price chart,” he wrote. “CRAP was never an insult. It was the forecast, written a year early.”